Corporate travel specialist Hogg Robinson has raised its profit hopes for the full year after witnessing an emerging recovery in the industry.
The Basingstoke-based firm, which provides business travel services to clients worldwide including Rolls-Royce, Volkswagen and GlaxoSmithKline, said spending and bookings were both up 18% in the six months to September 30.
Hogg Robinson had to tighten its belt after the recession bore down on businesses and hit corporate travel.
But the company has experienced a turnaround in the market in the first half of the current financial year and tripled its pre-tax profits to £13.3 million.
In addition, the firm said disruption caused by the volcanic ash cloud and British Airways strikes actually generated more work for its business as it managed contingency plans to offset the disturbance to travel.